Continental's Buchanan Plant Resumes Operations

Business Wire 15-Mar-2019 7:00 AM

We are pleased to announce that Continental Building Products' Buchanan, New York drywall manufacturing plant has resumed operations at full capacity.

"We are very pleased that the Buchanan repairs were completed as planned," said Jay Bachmann, President and Chief Executive Officer. "This is a testament to the outstanding skills and determined efforts of our team, whose contributions were instrumental in the development of a safe and effective plan to restart operations."

Since the outage on January 24, 2019, Continental's plants in Silver Grove, Kentucky and Palatka, Florida increased their production to offset a portion of Buchanan's lost volumes. "I'm proud of our associates, who worked very hard and safely to make sure we best served our customers during this difficult time," Mr. Bachmann said. "I also want to thank our customers for their understanding arising from this disruption."

About Continental Building Products

Continental Building Products is a leading North American manufacturer of gypsum wallboard, joint compound and complementary finishing products. The company is headquartered in Herndon, Virginia with operations serving the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. For additional information, please visit www.continental-bp.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

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